Ford Motor (NYSE:F) Shares Up 1.2% – Time to Buy?

Ford Motor Company (NYSE:F) shot up 1.2% on Wednesday . The stock traded as high as $13.31 and last traded at $13.2150. 41,468,709 shares traded hands during trading, a decline of 32% from the average session volume of 60,996,895 shares. The stock had previously closed at $13.06.

Analyst Ratings Changes

Several research firms have weighed in on F. UBS Group cut their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Barclays raised their price target on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group cut their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. Finally, TD Cowen cut their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.56.

Ford Motor Trading Up 9.2%

The stock has a market cap of $59.47 billion, a P/E ratio of -9.63, a P/E/G ratio of 0.29 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a 50-day moving average price of $12.24 and a two-hundred day moving average price of $13.01.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. On average, research analysts expect that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. Ford Motor’s payout ratio is presently -38.71%.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently bought and sold shares of the business. WNY Asset Management LLC purchased a new position in Ford Motor during the 1st quarter valued at $417,000. Vestor Capital LLC boosted its holdings in Ford Motor by 78.4% during the 1st quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock valued at $42,000 after acquiring an additional 1,603 shares during the period. Western Wealth Management LLC boosted its holdings in Ford Motor by 56.5% during the 1st quarter. Western Wealth Management LLC now owns 50,015 shares of the auto manufacturer’s stock valued at $577,000 after acquiring an additional 18,058 shares during the period. Orographic Financial Advisors LLC purchased a new position in Ford Motor during the 1st quarter valued at $379,000. Finally, Paragon Private Wealth Management LLC purchased a new position in Ford Motor during the 1st quarter valued at $382,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.